Project management plays a vital role in every working organization which has to accomplish certain goals. Even when there was non-existence of project management concept, organizations used it in the system of work. In this report, we have uncovered some of the facts and files related to the approach of project management of a famous agricultural products manufacturing company named Monsanto. This company started its operations in U.S.A. but later on expanded market in many other countries.
In this project report, our team presents the concept of project management used by a designated company, which in further explains the approaches used and impact on the profitability. Based on the different sources such as the project manager of
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In 2002, Monsanto Company was re-established as an independent company focused 100 percent on agriculture. With more than 404 facilities across 67 countries such as China, Argentina, Brazil, India and Canada, The Monsanto provide seeds for a wide array of fruits and vegetables and also corn, cotton and soybeans. But also produces all kind of solution to help the farmers to have a more sustainable harvest and contributes to the diet for cows, pigs and chickens. Monsanto was named "Company of the Year" by Forbes Magazine in 2009. Science Magazine ranked Monsanto as 5th on its 2013 Top Employers list, describing its top attributes as "innovative leader in the industry", "makes changes needed", and "does important quality research". In a press release, HRC president Chad Griffin stated that the company was going "above and beyond the call of duty." Monsanto executive, Robert Fraley, won the World Food Prize in 2013 for "breakthrough achievements in founding, developing, and applying modern agricultural biotechnology". (Monsanto: A Sustainable Agriculture Company, n.d.)
MAIN REPORT
1. Identify and describe the current approach to project management used by this company.
(There is no specific methodology or software to manage the projects by the company as was told by the contact person. But as described by the contact person, later on, after analysis, there system falls under Matrix structure.)
The current approach to project management used by the
In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.
Project Management Institute. (2000). _A Guide to the Project Management Body of Knowledge (4th ed.)._
With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.
It is clear to see that throughout the project the tasks and progress were monitored very closely. The project is heavily dependent on the resources provided by its shareholders and in turn they rely on regular updates to reassure them on their investment. In the construction and building industry the methods and application of project management tools are very reliable and well tested. Therefore, it could benefit the project if the it was managed with detailed and defined practises and also follow standards set and agreed upon on a international level.
A company performs a lot of operations in a daily basis. These operations are categorized into different categories and departments. This is because all these operations cannot all be under one roof due to the complexity, skills and expertise needed in carrying out these operations. In these processes, high level of technology is employed, high quality instruments are used, and manly skills, experience are also utilized. This therefore calls for the need of good project management for the achievement of expected overall performance of a company. This paper focuses on the relationship between project management and the overall performance of company.
Project management has become one of the most admired tools for both public and private organizations as project handlers have wanted ways to develop their operations. Project managers seek to accomplish success across all sectors when handling a mission. Technological development, new product development and reform of business perspectives are examples of targets place by project managers. During the initiation of a project, there is the careful scheduling, organizing and prioritizing obtainable income achieving the desired result or the project outcome in the least. At beginning stage, a project seeks to accomplish the place down target within a smallest time while using
The purpose of this paper is to recommend that Project Management is a concept that focuses on the dynamic characteristics of a multi-facetted organization. In such a changing situation, effective communication is a characteristic that should be stressed and becomes the most important tool for the project manager and team members.
Using project management offers a business a way for dealing with considerably lowered phase times. With businesses operating internationally projects that can have an effect on the company as a whole are not easy to manage without a proper line of attack. For this, project management would help cross functional teams to be more successful.
Over the past few years, project managers and Project management has shown tremendous growth. Project management has evolved over the past several years from an activity in an organization to a discipline in its own right. Many professional bodies exist today to represent project management as a discipline, Some of which include, PMI, Prince2 Foundation, PM Bok.
Project management is a challenging task with many complex responsibilities. Fortunately, there are many techniques available to assist with accomplishing the tasks and hence executing the responsibilities. Such techniques include project planning, scheduling and controlling. The elements that need to be planned, scheduled and controlled are time, cost and quality. Different methods have therefore to be used in cost planning and control systems, time planning, scheduling and controlling systems, and quality planning and control system. Organisational techniques will enable the project resources such as labour, material and plant to be ordered at the right time and when directing the resources for work it will be ideally stated. A chain of command will exist when organisational structure is in place (Oberlender, 1993). These techniques have sprung up at an ever increasing rate. When perusing any engineering or project management magazine or browsing on the internet one will be amazed by the number of software packages offering various project management techniques implemented through project management software.
Project is the organized way of achieving organizational goals and objectives by employing different tools and techniques, involve planning, organization, management of different resources of organization and is initiated to achieve specific goals and objectives. In order to understand the project management principles, case study of Palm Trees Spa is selected and project of implementing and installing Management Information System was planned and designed.
Several approaches exist towards a successful project management. These have been emerging over years and also vary from project to project and industry to industry. This article focuses on few of popular project management techniques
The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on
Project management is not only useful in the working environment, but it could also become great skills that can be used for all life projects that we do through out our life.
Project management comprises of different task which all have definate beginning and an end, it is believed that its not a continous process and it utilises various tools to measure progress and also to keep note of project tasks. Wesley et al (2003)